Revenue cannot disturb consistent method of accounting being followed by assessee

UHDE India Pvt. Ltd. Vs Addl. Commissioner of Income Tax (ITAT Mumbai)

We find that the assessee has accumulated cost as well as revenue under these projects in the Balance Sheet by following completed contract method. The revenue has accepted such accumulation during AYs 2004-05 & 2005-06 and this is the third year of accumulation under the projects. It is not the case of the revenue that the income under these projects have not been offered to tax in subsequent years. No case of revenue leakage has been established before us. Ther

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